$Gold - main 2304(GCmain)$ had a very strong start into the new trading year, while silver $Silver - main 2303(SImain)$ is consolidating since mid-December.While the weekly chart remains bullish, the rally in gold has lost its momentum on the daily chart. A pullback towards 1,900 & 1,770 would be a buy.Seasonality remains bullish until the end of February, at least. Sentiment and Commitments of Traders report, however, are neutral.Due to the bitter dispute about the debt ceiling, one-year insurance costs against a U.S. default have jumped vertically.ssucsyJust a few months ago, financial markets had been under severe pressure, driven by a rising interest rates and a stronger US-Dollar. Yet, si

Gold $Gold - main 2412(GCmain)$ prices came under significant pressure following Donald Trump’s decisive victory in the 2024 U.S. presidential election. Over all, gold plummeted more than 9% since its new all time-high at USD 2,790 on Wednesday, 30th of October, 2024. This substantial decline came as no surprise as we had anticipated a wave of profit-taking in the gold-market. This sharp downturn was primarily driven by a surge in bond yields, a rallying stock market, and a strengthening U.S. dollar, all of which made gold less attractive to investors.The market’s reaction to Trump’s win was largely influenced by expectations of his proposed policies, which many believe could reignite inflation. Concerns about potential tariffs and immigration

SummarySince the triple bottom last autumn, Gold is up $430 or nearly 27%. Silver is up 50% over the last eight months.With an overbought weekly chart and growing negative divergences, the air is getting thinner for the precious metals and a pullback could start soon.Statistically, seasonality for gold remains unfavorable until midsummer.However, the banking crisis, the dollar crisis and the geopolitical crisis should all keep a bid below the gold price. Hence, pullbacks might end somewhere between $1,900 and $1,930.Overall, we expect a topping process followed by a pullback and a new buying opportunity in July or August.American Eagle Gold Coin Bullion Investment ObverseWhile US regulators are racing to secure the sale of California bank First Republic

Gold prices have been under pressure for the past two months, reaching a new low at USD $1,885 on August 21st.The correction that began in May is still ongoing, with the bears struggling to push prices significantly below USD $1,900.The seasonal pattern for gold suggests caution and patience until mid-December, while the daily chart shows potential for a bullish move above USD $1,930.Above USD $1,985 the market will shift its focus on a breakout to new all-time highs. In late April, we timely warned about a topping process in the gold market and expected prices to pull back towards USD $1,900 over the following weeks. On June 29th, with gold reaching an intraday low at USD $1,893, we turned bullish. After a nice bounce back towards USD $1,987, we urged some caution and expected another pul

SummaryGold prices have failed to break through the resistance zone of USD 2,070, leading to a correction in the gold market over the past seven weeks - a decline of about 7.6%.Despite the correction, gold has seen a small increase of 4.4% since the start of the year but the performance of gold mining stocks has been disappointing, with industry giant Newmont Corporation seeing a decline of 16.14% since January.While seasonality is slowly but surely turning positive, gold is in search of its typical early summer low from which another run towards about USD 2,070 is expected.As liquidity remains the pivotal piece of the macro puzzle, once the Federal Reserve announces a reversal in its monetary policy, gold price is expected to rise.In the bigger picture, gold will likely break out to news

SummaryGold prices have broken out to a new all-time high, signaling the end of a 13-year correction and consolidation phase.The weekly chart suggests a medium-term price target of USD 2,535, with the potential for even higher prices in the longer term.The sentiment in the gold market is still neutral, leaving room for further price increases.With Chinese citizen as well as the People's Bank of China being on a buying spree, the gold price is now made in China.American Eagle Gold Coin Bullion Investment ObverseReviewAfter a sharp two-month rise to a new all-time high of USD 2,149 on December 4th, the gold $Gold - main 2404(GCmain)$ market experienced a sharp pullback to USD 1,973 in the final weeks of the old trading year, followed by a rapid

Gold prices have surged by nearly $200 or 11% in the past three weeks, reaching $2,046.If gold can close above $2,000 by the end of November, it would mark the first monthly closing above this significant threshold.The weekly and daily charts indicate a bullish outlook for gold, with a potential breakout rally expected in the coming months.Liberty Gold Eagle one ounce coinIn the last two months, gold has attracted attention with a strong performance. It looks as if the long and tough 12-year consolidation is coming to an end.ReviewCommencing from the low on October 6th at USD 1,810, the price of gold surged by nearly USD 200 or 11% in the subsequent three weeks, reaching USD 2,009. A two-week retracement brought the prices back to the 200-day moving average (back then at USD 1,933) by mid-

Gold is very oversold and ripe for a strong bounce, at least. Since 1,615-1,620 USD has held two times, a double bottom might have started a relief rally. The latest COT numbers are very bullish. The beaten down sentiment provides a strong contrarian buy signal! In our last in-depth gold analysis we saw gold on the brink of the abyss and feared that the support around 1,680 USD would not hold. Indeed, two weeks later gold broke through this support and the following sell-off only stopped at 1,615 USD. Gold (XAUUSD:CUR) – In search of a bottom.ReviewWith the early failure of the summer rally at 1,807 USD, the outlook for the gold market quickly deteriorated again since mid-August. As a result, the bears were able to push gold prices without much resistance below the important support at 1,6

Since early March, gold has lost almost $400 USD during the global asset price meltdown. Since the recent low at $1,681 USD, a trend reversal has happened and gold started a recovery wave up. The current CoT report for gold can be classified as cautiously bullish. Sentiment is extremely pessimistic, as asset managers currently hold the second-lowest cumulative number of gold and silver futures contracts in their client portfolios in a long-term comparison over the past 16 years. With a buy signal on the daily chart, a bombed-out sentiment and the very favorable seasonal component, there are currently three strong arguments on the table for an imminent summer rally in the gold market.It's been three and half tough months for gold and silver investors. Stock market and crypto investors have

 Bitcoin and the whole crypto sector are in a bear market for nearly a year now, with Bitcoin holding above its support at 18,000 USD. Since the crash in June, Ethereum has developed significantly better than Bitcoin. A Bitcoin recovery towards the 200-MA has a good chance as sentiment remains very pessimistic and seasonality is favorable until year-end. Macro wise, the upcoming US congressional elections seem to provide a breather for all market sectors. A milder tone by the FED could boost all markets, including Bitcoin and crypto. In the big picture, the correction in the crypto sector could be significantly longer, especially in terms of time, though. Bitcoin (BTC-USD) as well as the Grayscale Bitcoin Trust$Grayscale Bitcoin Trust (BTC)(GBTC)

Since it’s last significant low and turning point at USD 26.40 on August 8th, 2024, silver $Silver - main 2412(SImain)$ rallied by more than 32% to a new 12-year high at USD 34.86 on October 23rd. Over the last two weeks, however, the silver market came under severe pressure and has sold off to USD 30.84 as of Wednesday. This sharp decrease particularly gained momentum following Donald Trump’s victory in the U.S. presidential election. We timely had anticipated a profit-taking event in the precious metal prices in our bi-weekly gold analysis as well as in our most recent weekly gold chartbook.The decline in silver prices can be attributed to several factors. Firstly, Trump’s victory strengthened the U.S. dollar, which typically has an inverse

Bitcoin continues to move within a clearly defined downtrend channel. But the beaten-down sentiment is providing a contrarian buy signal since many months already. Statistically, the seasonal window will improve significantly from mid-October and will remain bullish until the end of the year. However, the ongoing liquidity crisis is not over and could last well into 2023. The final bottom for this bear-market in everything is therefore not in sight. We suspect Bitcoin and crypto will not be able to escape this. While the stock markets are falling in gaps like in 2001,  S&P 500$S&P 500(.SPX)$ VIX$Cboe Volatility Index(VIX)$  are still rather acting like they would be in a bu

SummaryThe new trading year started on a high note for Bitcoin. From its low in November, Bitcoin is currently up more than 53%.Technically, Bitcoin is consolidating the first breakout but already eyeing the next breakout above 25,000.The beaten-down crypto sector is still far from experiencing euphoria or exuberant optimism, and as a result, surprises remain to the upside.Despite a positive outlook in the short term, restrictive monetary policies by central banks as well as increasing regulation remain a big burden for a highly speculative asset like Bitcoin.peshkovIn our previous article about Bitcoin, we presented arguments in favor of a significant rebound following the disheartening bear market of 2022. In spite of regulatory scrutiny and renewed apprehension amongst in

Gold prices ended 2023 with a 13.1% increase, reaching a closing price of USD 2,063.The gold market remains in a corrective phase since reaching a new all-time high of USD 2,149 in December.The main drivers for gold in 2024 will be inflation, interest rates, and geopolitics, with interest rate cuts potentially benefiting the gold price.The geopolitically very tense situation in the Middle East could kick gold prices higher at anytime.American Eagle Gold Coin Bullion Investment ObverseGold concluded the trading year 2023 with a closing price of USD 2,063, marking an increase of approximately USD 240 or 13.1% over the course of last year. Particularly beneficial for this overall strong performance were the last two weeks of December when, following the FOMC meeting on December 13th, gol

In recent weeks, gold $Gold - main 2412(GCmain)$ has experienced significant fluctuations, marked by an impressive rally and subsequent pullback. As the price of gold reached new heights, investors have been keenly observing the dynamics at play. This article delves into the recent movements in gold prices, analyzing key milestones, market consolidations, and the factors influencing these trends. With a focus on technical indicators and potential future scenarios, we aim to provide a comprehensive overview of the current state of the gold market and what it may mean for investors moving forward.ReviewWith the breakout above the resistance zone between USD 2,520 and 2,535, the gold price was able to ignite the next stage of its two-year rally o

ReviewIn our last analysis on September 22nd, we suggested that Bitcoin and the entire crypto sector might need a bit more time. Indeed, Bitcoin briefly slipped below the psychological mark of USD 60,000 on October 10th, only to shoot up significantly the next day. This final bear trap marked the definitive trend reversal, which had already begun with the crash low of USD 49,130 on August 5th.At the latest with Donald Trump’s election victory, it’s clear that the breakout rally for Bitcoin has begun. A new all-time high of USD 79,780 has already been recorded. The strong resistance zone between USD 72,000 and USD 76,000 has thus been breached. Above USD 80,000, the real fireworks should begin, rapidly propelling Bitcoin prices towards the psychological magnet of USD 100,000.Overall, the se

Summary Bitcoin experienced significant market fluctuations, with a crash to USD 49,577 followed by a strong bounce to USD 62,729. Global stock market pressures, interest rate hikes, and recession fears led to selling pressure on US technology stocks and the strongly correlated Bitcoin. Thus, sentiment has turned bearish. A final panic has an increased likelihood until the end of September or mid of October and should bring the start of a new uptrend. Technically speaking, Bitcoin might not need to make a new low but could shake of the remaining weak hands with a tricky and tenacious sideways consolidation over the coming one or two months. peshkov Not surprisingly, Bitcoin (BTC-USD) has experienced significant market fluctuations over